Estate Tips for a Young Family After Divorce
In all likelihood, if you and an ex-spouse made an estate plan together, that plan mentions your ex-spouse’s name quite frequently. Maybe they are listed as your executor, maybe your agent under power of attorney, or maybe even the person who would receive your property if you were no longer around! Most people do not intend this result following a divorce.
Your Resource in Administering an Estate
After a loved one or close friend dies, the funeral is only the beginning of the involved process to come. This process is known as “probate” or estate administration and it is the court-based system whereby a person appointed “executor” or “administrator” acts as a manager of the estate: satisfying debts and taxes, informing those involved in the process, paying taxes, and ultimately passing property from the deceased person to the beneficiaries of the estate.
The Basics of Managing a Supplemental Needs Trust
There are many public programs available in Pennsylvania to provide benefits to a loved one with special needs. While understanding the strict guidelines and rules of these programs can be a daunting task, many of these challenges can be overcome with proper accounting, tax, and estate guidance and planning.
Pennsylvania ABLE: Providing for our Special Needs Loved Ones
As a friend, parent, grandparent, or sibling of a person with a physical or mental disability, you know that we define our loved ones not by any particular limitation, but by who they are and what they bring to our lives.
Discuss your Estate Plan during the Holidays Together
The Holidays bring us all together, perhaps more than any other part of the year. We find it can be useful to have a conversation with your family about estate planning over the Winter holiday season, but it’s important to approach the topic with sensitivity and understanding.